Jun. 30 – US: Cosmetics trade organization criticizes FDA Globalization Act
From CosmeticsDesign.com:
The Indie Beauty Network has hit out against the FDA Globalization Act claiming that the proposed legislation will cripple small cosmetics manufacturers.
One of the key sticking points for these companies is the requirement to register products and ingredients annually with the FDA and stump up a significant sum of money for the privilege…
In a video broadcast, Johnson said the draft FDA Globalization Act imposes fees of up to $12,000 a year just for the privilege of selling so much as a bar of soap or a quarter ounce tube of lip balm.
Click on the above link for the full story.
More information about the act can be found here, including a PDF of the discussion draft of the act, which is available here and a PDF of a section-by-section analysis of the act, available here.
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